Hello,
I am new here and have a NI question that I hope someone can help with.
I am 60 years old and am a sole trader with a health business, and complete a tax return yearly (earnings from this are less than £1000/annum)
I also work part time on a zero-hours contract as a nurse (to supplement my pension) for which tax and National Insurance are taken out by PAYE with the company I work for.
I have 39 years fully paid national insurance contributions, so will receive a full state pension.
Ideally, I do not want to pay any more NI contributions, so, when I complete work on my zero-hours contract with the health company I work for, instead of submitting a time sheet and having tax and NI taken out through PAYE, can I simply invoice the health company as a sole trader, thus bypassing the need to pay NI, or at least pay a lower NI rate?
thanks
Nick
I am new here and have a NI question that I hope someone can help with.
I am 60 years old and am a sole trader with a health business, and complete a tax return yearly (earnings from this are less than £1000/annum)
I also work part time on a zero-hours contract as a nurse (to supplement my pension) for which tax and National Insurance are taken out by PAYE with the company I work for.
I have 39 years fully paid national insurance contributions, so will receive a full state pension.
Ideally, I do not want to pay any more NI contributions, so, when I complete work on my zero-hours contract with the health company I work for, instead of submitting a time sheet and having tax and NI taken out through PAYE, can I simply invoice the health company as a sole trader, thus bypassing the need to pay NI, or at least pay a lower NI rate?
thanks
Nick